The current yield on a $6,000, 10 percent coupon bond selling for $5,000 is

Which of the following statements best explains why the CPA profession had found it essential to establish ethical standards and means for ensuring their observance?

a. A distinguishing mark of a profession is its acceptance of responsibility to the public b. A requirement for a profession is to establish ethical standards that stress primarily a responsibility to clients and colleagues c. Ethical standards that emphasize excellence in performance over material rewards establish a reputation for competence and character d. Vigorous enforcement of an established code of ethics is the best way to prevent unscrupulous acts

If the residuals for a regression model exhibit a parabolic shape, this would violate the assumption of ________

A) homoscedasticity B) linearity C) autocorrelation D) normality of errors